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Software, ag product tax breaks among new Colo. laws

DENVER — Farmers are getting a tax break, tow truck drivers are getting more protections, and a tax on software is being repealed under a series of new laws taking effect in Colorado.

Other laws effective Friday include restrictions on how much state-chartered entities can spend on travel and a ban on chemicals used to produce synthetic marijuana, often called Spice or K2.

The tax exemption for farmers on agriculture products such as pesticides and animal medicine was part of this session’s state budget deal. Eliminating a tax on software downloaded online was also part of the compromise.

New regulations for the state’s medical marijuana industry also go into effect Friday as well as changes to Colorado’s Unemployment Insurance Trust Fund.